The soy complex held most of the CBOT’s excitement today as soybeans and soymeal rallied sharply. Soyoil marked a new high for its move but ended slightly lower amid profit taking. Similarly, wheat strengthened overnight but was dragged lower by a flat corn market. U.S. farmers became aggressive sellers/hedgers on the rally above $3.50 and that limited rally potential in corn. Friday’s trade did not change the major direction for corn or soybeans, but the wheat market looks like it may correct some next week. Livestock futures were sharply lower as traders liquidate longs amid an emerging bear market. The U.S. weather forecast for the coming week features hot temperatures for every area that is not getting rain leftover f...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.